Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.47% | +0.23 | 1.23% |
| Return on Equity (%) | ▲ | 18.67% | +2.07 | 16.60% |
| Net Interest Margin (%) | ▲ | 4.17% | +0.94 | 3.23% |
| Efficiency Ratio (%) | ▼ | 65.94% | +4.11 | 61.84% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.36 | $0 |
| Cost of Funds (%) | ▲ | 1.15% | -0.11 | 1.26% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $202 | +82.08 | $119 |
| Gross Loans ($M) | ▲ | $132 | +56.41 | $75 |
| Loan Growth YoY (%) | ▼ | 71.44% | -0.75 | 72.19% |
| Total Deposits ($M) | ▲ | $182 | +79.25 | $103 |
| Shareholders Equity ($M) | ▲ | $16 | +7.40 | $9 |
| Tang. Book Value ($M) | ▲ | $16 | +7.40 | $9 |
| TBV excl. AOCI ($M)** | ▲ | $20 | +8.42 | $11 |
| Loan / Deposit Ratio (%) | ▼ | 71.44% | -0.75 | 72.19% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.08% | +0.08 | 0.00% |
| Allowance / Loans (%) | — | 0.99% | 0.02% | 0.97% |
| Net Charge-Off Ratio (%) | ▼ | 0.13% | +0.13 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.86% | -1.40 | 14.26% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▅▆█ | Net Interest Margin (%) | 2.87% | 2.97% | 3.07% | 3.23% | 3.40% | 3.52% | 3.69% | 4.17% |
| ▁▂▃▆▇█▇█ | Return on Assets (%) | 0.70% | 0.89% | 0.90% | 1.23% | 1.35% | 1.47% | 1.37% | 1.47% |
| █▇█▄▂▁▄▇ | Efficiency Ratio (%) | 67.8% | 65.6% | 67.8% | 61.8% | 59.4% | 57.6% | 62.6% | 65.9% |
| ▇▂▂▃█▂▁▁ | Cost of Funds (%) | 1.42% | 1.20% | 1.22% | 1.26% | 1.48% | 1.22% | 1.18% | 1.15% |
| ▁▁▁▁▁▁▁█ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.00% | 0.08% |
| ▁▁▁▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.00% | 0.13% |
| ▁▁▁▁▂▂▂█ | Tang. Book Value ($M) | $8 | $9 | $9 | $9 | $9 | $10 | $10 | $16 |
| ▁▁▁▁▁▁▂█ | Gross Loans ($M) | $72 | $73 | $73 | $75 | $78 | $78 | $83 | $132 |
| ▁▂▁▁▁▂▁█ | Total Deposits ($M) | $103 | $117 | $110 | $103 | $108 | $115 | $113 | $182 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 10% |
| Agricultural | 5% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 39% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 4% |